Question
Urgent: Inventory Model. Solve step by step. thanks Question: Consider an item with the following deterministic, time-varying demand pattern: Week 1 2 3 4 5
Urgent: Inventory Model. Solve step by step. thanks
Question:
Consider an item with the following deterministic, time-varying demand pattern:
Week 1 2 3 4 5 6 7 8 9 10 11 12
Demand 50 80 180 80 0 0 180 150 10 100 180 130
Suppose that the pattern terminates at week 12. Let other relevant characteristics of the item be:
Inventory carrying cost per week is $0.20/unit
Fixed cost per replenishment (order cost) is $30
Initial inventory and replenishment lead time are both zero.
Determine optimal ordering policy and total relevant costs using:
a) Wagner-Within method
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